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Total Revenue and Marginal Revenue

If the respec...

Question

If the respective ratio of export to import in country S and country U is 1: 2 and 4: 1 in the year 2011, then what is the total imports of country U and S together in that particular year? (in Rs. crore)

A

52

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B

22

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C

36

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D

96

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E

44

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Solution

The correct option is D 96
Total Exports of Six Countries
$\begin{matrix} Y e a r & 2011 & 2012 & 2013 & 2014 & 2015 C o u n t r y P & 20 & 40 & 60 & 45 & 90 Q & 30 & 25 & 15 & 50 & 100 R & 50 & 55 & 70 & 90 & 65 S & 45 & 60 & 20 & 15 & 25 T & 60 & 50 & 55 & 100 & 110 U & 24 & 40 & 60 & 75 & 120 \end{matrix}$
For country S, Import $= 45 \times 2 =$ Rs. 90 crore
For country U, Import $= 24 \times \frac{1}{4} =$ Rs. 6 crore
thus, the total import of country U and S together
= 90 + 6 = Rs. 96 crore

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